MP Materials Target of Unusually Large Options Trading (NYSE:MP)

MP Materials Corp. (NYSE:MPGet Rating) saw unusually large options trading on Thursday. Stock investors acquired 7,848 put options on the stock. This represents an increase of approximately 80% compared to the average volume of 4,359 put options.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cowen decreased their price objective on MP Materials to $40.00 in a research report on Thursday, October 20th. Morgan Stanley reduced their price target on MP Materials from $46.00 to $45.50 and set an “overweight” rating for the company in a report on Friday, September 16th. Finally, Canaccord Genuity Group reduced their price target on MP Materials from $47.00 to $40.00 in a report on Wednesday, September 28th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $47.39.

Insiders Place Their Bets

In other news, Director Financial Lp Qvt sold 100,000 shares of the stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $31.75, for a total value of $3,175,000.00. Following the transaction, the director now owns 1,124,469 shares in the company, valued at approximately $35,701,890.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Financial Lp Qvt sold 100,000 shares of the stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $31.75, for a total value of $3,175,000.00. Following the transaction, the director now owns 1,124,469 shares in the company, valued at approximately $35,701,890.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ryan Corbett sold 16,500 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $32.39, for a total value of $534,435.00. Following the completion of the transaction, the chief financial officer now owns 211,476 shares in the company, valued at approximately $6,849,707.64. The disclosure for this sale can be found here. 41.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On MP Materials

A number of hedge funds and other institutional investors have recently made changes to their positions in MP. Natixis Advisors L.P. grew its position in shares of MP Materials by 22.9% in the first quarter. Natixis Advisors L.P. now owns 18,394 shares of the company’s stock valued at $1,055,000 after purchasing an additional 3,430 shares during the period. Bank of Montreal Can grew its position in shares of MP Materials by 18.5% in the first quarter. Bank of Montreal Can now owns 45,673 shares of the company’s stock valued at $2,576,000 after purchasing an additional 7,124 shares during the period. MetLife Investment Management LLC grew its position in shares of MP Materials by 53.4% in the first quarter. MetLife Investment Management LLC now owns 41,394 shares of the company’s stock valued at $2,374,000 after purchasing an additional 14,406 shares during the period. Rhumbline Advisers boosted its holdings in MP Materials by 8.9% in the first quarter. Rhumbline Advisers now owns 84,009 shares of the company’s stock valued at $4,817,000 after acquiring an additional 6,843 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in MP Materials by 29.1% in the first quarter. BlackRock Inc. now owns 6,398,647 shares of the company’s stock valued at $366,898,000 after acquiring an additional 1,441,580 shares during the last quarter. Hedge funds and other institutional investors own 62.84% of the company’s stock.

MP Materials Stock Performance

NYSE MP opened at $29.41 on Friday. MP Materials has a 1-year low of $23.50 and a 1-year high of $60.19. The company has a market capitalization of $5.22 billion, a P/E ratio of 20.71, a PEG ratio of 1.99 and a beta of 2.76. The business has a 50 day moving average price of $29.85 and a 200 day moving average price of $31.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 18.15 and a quick ratio of 17.33.

MP Materials (NYSE:MPGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $124.45 million during the quarter, compared to the consensus estimate of $118.90 million. MP Materials had a return on equity of 24.79% and a net margin of 50.81%. Sell-side analysts expect that MP Materials will post 1.28 EPS for the current fiscal year.

About MP Materials

(Get Rating)

MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.

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